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Public Bank sets up securities programme of up to RM10 billion

Public Bank sets up securities programme of up to RM10 billion

PETALING JAYA: Public Bank Bhd has established a Basel III-Compliant Additional Tier 1 capital securities programme (AT1CS) of up to RM10 billion in nominal value. In a filing with Bursa Malaysia today, it said the capital securities will have a perpetual tenure, and qualify as Additional Tier 1 capital for the computation of the regulatory […]

April 11, 2018 | By | Reply More
Cypark to work with 21st Century Clean for energy storage projects

Cypark to work with 21st Century Clean for energy storage projects

PETALING JAYA: Cypark Resources Bhd’s(CRB) wholly owned subsidiary Cypark RE Store Sdn Bhd, is partnering with 21st Century Clean Energy GmbH & CoKG, to cooperate for energy storage projects and to jointly expand their business opportunities in the area of renewable energy in Malaysia. 21st Century Clean Energy GmbH & CoKG, is an authorised commercial […]

April 11, 2018 | By | Reply More
Ringgit ends easier against US dollar

Ringgit ends easier against US dollar

KUALA LUMPUR: The ringgit closed easier against the US dollar today on better buying demand for the greenback, dealers said. At 6pm, the local unit was quoted at 3.8730/8760 against the US dollar from Tuesday’s close of 3.8670/8700. OANDA Head of Trading Asia-Pacific Stephen Innes said the ringgit remained very much stuck in neutral, and […]

April 11, 2018 | By | Reply More
Benalec to raise up to RM31.4m via private placement

Benalec to raise up to RM31.4m via private placement

PETALING JAYA: Benalec Holdings Bhd has proposed to undertake a private placement exercise to raise up to RM31.4 million. The group said in a stock exchange filing that based on an illustrative issue price of 28 sen per placement share and the issuance of up to 112.2 million placement shares, the proposed private placement is […]

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Small cap stocks continue to lift Bursa Malaysia

Small cap stocks continue to lift Bursa Malaysia

KUALA LUMPUR: Bursa Malaysia finished strongly for the third consecutive day, spurred by buying in small capitalisation stocks and selected blue chips, thanks to the bullish market sentiment. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.91 points to end at 1,869.89 from 1,860.98 yesterday, after moving in the positive territory of between 1,863.3 […]

April 11, 2018 | By | Reply More
Sapura Energy to develop SK408 gas fields with Petronas Carigali, Sarawak Shell

Sapura Energy to develop SK408 gas fields with Petronas Carigali, Sarawak Shell

PETALING JAYA: Sapura Energy Bhd has decided along with its partners Petronas Carigali Sdn Bhd and Sarawak Shell Bhd to develop the Gorek, Larak and Bakong fields in the SK408 gas field offshore Sarawak. Sapura said in a stock exchange filing that the trio has taken the final investment decision to develop the fields as […]

April 11, 2018 | By | Reply More
Sapura Energy, partners to develop SK408 gas fields

Sapura Energy, partners to develop SK408 gas fields

PETALING JAYA: Sapura Energy Bhd, along with its partners Petronas Carigali Sdn Bhd and Sarawak Shell Bhd, will develop the Gorek, Larak and Bakong gas fields in the SK408 production sharing contract (PSC). Sapura said in a stock exchange filing today that the trio have taken the final investment decision to develop the fields offshore […]

April 11, 2018 | By | Reply More
Pharmaniaga's new vaccine plant on track

Pharmaniaga's new vaccine plant on track

PETALING JAYA: Pharmaniaga Bhd is on track to set up a new vaccine plant to produce halal injectible vaccines. The group is considering building the plant in Seri Iskandar, Perak or Sungai Petani, Kedah where it has land, and not in Puchong as announced earlier, said managing director Datuk Farshila Emran. She noted that Pharmaniaga […]

April 11, 2018 | By | Reply More
Pharmaniaga bullish on Indonesian market

Pharmaniaga bullish on Indonesian market

PETALING JAYA: Pharmaniaga Bhd is bullish on the Indonesian market and expects revenue contribution from its operations there to grow 17-18% this year. “Our operations in Indonesia are doing well. There are two operations there, one is PT Millennium Pharmacon International Tbk and the other is PT Errita Pharma. Both are profitable now,” chairman Tan […]

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Malaysia IPI rises 3% in Feb on better manufacturing output

Malaysia IPI rises 3% in Feb on better manufacturing output

PETALING JAYA: Malaysia’s industrial production index (IPI) increased 3% year-on-year (yoy) in February 2018, supported by the positive growth in the manufacturing and electricity segments, according to the Department of Statistics. The manufacturing sector output grew  4.7% in February 2018 after registering a 6.9% growth in January. The main sub-sectors which recorded increases in February 2018 were: petroleum, chemicals, rubber and […]

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